Donald Trump has announced plans to impose a 100% tariff on all movies produced outside the United States.
U.S. President Donald Trump announced on Truth Social on Monday, September 29, that he will impose a 100% tariff on all movies produced outside the United States.
Trump claimed that America’s film industry has been “stolen” by other countries, likening it to “stealing candy from a baby.”
In his post, he also took aim at California Governor Gavin Newsom, calling him “weak and incompetent,” and argued that the state home to Hollywood has suffered significant losses as a result of foreign competition.
“In order to solve this long time, never ending problem, I will be imposing a 100% Tariff on any and all movies that are made outside of the United States,” Trump wrote.
He did not provide further details on his plans, or a timeline for when these tariffs might be enacted.
Trump’s remarks come shortly after he threatened a slew of new tariffs to be imposed this week on branded pharmaceutical products, furniture, as well as heavy trucks, respectively.
Trump’s latest post echoes a threat he made in May, when he said the US movie industry was “dying a very fast death.”
At the time, he said he was authorizing the Department of Commerce and US Trade Representative to start the process of instituting a 100-percent tariff.
The implications for the movie industry remain unclear for now.